v3.25.2
Common shares
 6 Months Ended
Jun. 30, 2025
Equity [Abstract]  
Common shares Common shares
As at
Jun 30
As at
Dec 31
thousands of shares20252024
Authorized1,100,000 1,100,000 
Outstanding509,045 509,045 
The current 12-month normal course issuer bid program came into effect June 29, 2025 under which Imperial will continue its existing share purchase program. The program enables the company to purchase up to a maximum of 25,452,248 common shares (5 percent of the total shares on June 15, 2025) which includes shares purchased under the normal course issuer bid from Exxon Mobil Corporation. As in the past, Exxon Mobil Corporation has advised the company that it intends to participate to maintain its ownership percentage at approximately 69.6 percent. Imperial plans to accelerate its share purchases under the normal course issuer bid program, and anticipates repurchasing all remaining allowable shares prior to year end. Purchase plans may be modified at any time without prior notice.
The excess of the purchase cost over the stated value of shares purchased has been recorded as a distribution of earnings reinvested.
The company’s common share activities are summarized below:
 Thousands of
 shares 		Millions of
 dollars
Balance as at December 31, 2023
535,837 992 
Purchases at stated value(26,792)(50)
Balance as at December 31, 2024
509,045 942 
Purchases at stated value— — 
Balance as at June 30, 2025
509,045 942 
The following table provides the calculation of basic and diluted earnings per common share and the dividends declared by the company on its outstanding common shares:
 
       Second Quarter
       Six Months
       to June 30
2025202420252024
Net income (loss) per common share – basic
Net income (loss) (millions of Canadian dollars)
9491,1332,2372,328
Weighted-average number of common shares outstanding (millions of shares)
509.0535.8509.0535.8
Net income (loss) per common share (dollars)
1.862.114.394.34
Net income (loss) per common share – diluted
Net income (loss) (millions of Canadian dollars)
9491,1332,2372,328
Weighted-average number of common shares outstanding (millions of shares)
509.0535.8509.0535.8
Effect of employee share-based awards (millions of shares)
1.31.21.21.2
Weighted-average number of common shares outstanding,
        assuming dilution (millions of shares)
510.3537.0510.2537.0
Net income (loss) per common share (dollars)
1.862.114.384.34
Dividends per common share – declared (dollars)
0.720.601.441.20